Butler Health System’s bond rating took another hit according to the latest from Moody’s.
Despite merging with Excela Health to create the Independence Health System, Butler Health System still reports their finances separately.
According to the Post-Gazette, Moody’s downgraded BHS to “junk status” meaning that their bonds are speculative for investors, with a higher risk of default than market grade bonds.
This is now the third time since February 2023 that BHS has seen its ratings downgraded.
Independence Health System had an operational loss of $71.4 million in its first year.
